Welcome to this weeks LBI token earnings and holding post
What is LBI?
The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.
LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.
Earnings are down a little this week but we still pulled in 1776 LEO which is higher than our average which is good.
The top chart is this week, the bottom chart is a total of over 45 weeks.
Total earnings to date are 57,257 LEO giving us an average of 1,272 LEO.
We had to borrow 402 LEO to cublife this week to cover its dividend payment due to a problem with unwrapping LEO. I think we'll be involved with gaming soon so we'll have a use for this liquid LEO above and HIVEp below.
Our CUBfinance wallet is growing nicely as the price of everything increases. We've seen LEO increase 4-5% over the past week, ETH hit a ATH and everything else up a little. CUB itself has also increased so we might see 50 cent CUB again.
LBI token price
Total assets worth in LEO
358,015.19 LEO
Total LBI tokens circulating
233,097.88
LBI token price - 1.53 LEO
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
Posted Using LeoFinance Beta
50 cent CUB is definitely possible. Khal was kind of bullish on the price at the end of the month so I think the next IDO might be coming soon.
Posted Using LeoFinance Beta
LBI token price - 1.53 LEO
Not so long ago you could get it 1 for 1 !
LEO price is on recovery path and it will speed up with mobile APP and next deliveries.
That combined to the LBI increase in terms of LEO... there's nothing about getting rich slowly guys, you should revise the motto ;)
Posted Using LeoFinance Beta
Looking forward to more articles on this topic!
Posted Using LeoFinance Beta
Thank you!
Posted Using LeoFinance Beta
Great to see Lbi value worth much more compared to when it just started. Nice growth in such time span. With it's investments rising slowly, the valuation will continue to grow much better
Looking forward to more articles on this topic!
Posted Using LeoFinance Beta
Awesome report. I also believe cub will be getting past 50 cent soon and Leo with it mobile release. Great times ahead.